Dec 7, 2012 11:00am PST
. the positive side, again, hurricane sandy appears not to have been the job killer many had feared. the labor department says the havoc wrought by sandy had no substantial impact on the unemployment picture. with us now, jill schlessinger, editor at la w manyre the jobs aart me ,ow m t are seasonal jobs? >> not so many seasonal. we saw some broad based gains and we continue to see some really robust gains in retail, in business services, health care is really continuing to show great improvement. you mentioned manufacturing. mentioned one other area, 20,000 jobs lost in construction. that may be a little bit of sandy related. >> but also, one of the interesting things, you looked at the numbers and said there was 300,000 people that said weather did affect the job surge. why is that not considered sandy related? >> it is weird because there are two different surveys when you look at these jobs numbers. one comes from the businesses. the businesses, they take that survey, november 12th, and the businesses are for the job creation number. the other survey is called a household survey. that's h
Dec 7, 2012 6:00am PST
'm going to tell you, it caught me by surprise. most people thought that hurricane sandy would have some sort of effect on these numbers and the labor department is telling us that sandy did not have an impact on these numbers. they looked across the country and in this region and the surveys were within normal range. they don't think it had an affect here. 12 million people unemployed. 40% of those have been unemployed for six months or longer. that's still a problem, don. to the right of your screen, 14.4% underemployment. some people call that the real unemployment rate. means a lot of people are still hurting or have been left out of the market. clearly you do have an improving situation here, improving but still leaving some people behind. this is what the trend looks like. this is the big drought of jobs, financial crisis here, slow attempt to get out of the hole. we want to see 150,000 jobs created or so every month to keep up with the growth in the population of the united states, working age population. you can see the last three months a little bit of an advance each of those m
Dec 7, 2012 9:00am PST
there, and economists have thought that hurricane sandy would have an adverse affect, and it hurt some, but there's so much going on that the economy -- >> is it possible we haven't seen the full impact of hurricane sandy, that we still might see some of those jobs lost, and it just hasn't been the numbers have not caught up to it yet to the reality? >> absolutely right. we do have to wait another month to get the full picture of it, but it was interesting that we saw initial claims for unemployment compensation initially spiked up right after sandy, and then they began to go down, and so i suspect next month there will be some effect. >> how strong is this job growth? does this really get us out of the recession conditions for so long? >> interesting question. it has the potential to do that, because think of this. we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see
Dec 9, 2012 7:00am PST
. hurricane sandy is the second costliest disaster in u.s. history. >>> they had the first hack-a-thon. they worked on ideas yesterday afternoon. the goal was to create fun and practical apps using public information available through county records. >> we have seen interesting ideas around restaurant inspections. and we have seen ideas around places like parks. parks and rec information was interesting to people. >>> the grand prize winners made an app called book it and they took home a $3,000 prize. >>> there appears to and growing backlash against the new logo for the university of california system. more than 25,000 people have signed an on line petition at change.org to review the new design which made its debut friday. some say it is undignified. the new design is not replacing the traditional logo and will be used in traditional to the university seal. >>> they won an emotional victory over western oregon as a player who almost died from cardiac arrest watched from the bench. doctors say danny berger was clinically dead for several seconds when he collapsed during an uta
Dec 9, 2012 7:00am PST
. >> hurricane sandy hit in a major population portion in the united states. with that hurricane moving through, we saw people driving a whole lot less. >> reporter: with plenty of gas going around, and not much demand, we the consumer have the upper hand. many are taking the opportunity to fill up and enjoy while it lasts. so, where can you find the cheapest gas? according to gasbuddy.com, the honor goes to missouri at nearly $3. but the good news for everyone around the country, experts predict we'll see these prices stay down at least until february. dan and bianna. >> good tips and some good news finally. john, thank you. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going mano e mano in negotiations. >> let's bring in george stephanopoulos. george, i'm going to ask this question until this thing is over. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> it's hard to know. but they're not really talking right now. that's what's most incredible. you pointed out tha
Dec 7, 2012 8:00am PST
pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are flipping through. 43,000 jobs created. anyone trying to get your kid in college, government pointed out computer systems analysts and related fields very strong demand. that fits in that professional business services. good pay in that field. let's talk about the breakdown of race. african-american unemployment went down a little bit. 13.2%. >> still way too high. >> notice the disparities between the worker groups are still a problem. structural problems there. but the african-american unemployment rate went down and that's the trend. we have two years and change now of -- month after month of solid jobs creation. >> march of 2010.
Dec 7, 2012 7:00pm PST
asking congress for $60 billion for recover efforts following superstorm sandy. hard hit states asked for more than $80 billion. the october storm devastated much of the northeast. federal aid would go to victims and rebuilding projects. it's unclear if congress already in negotiations over how to balance the budget, will approve funding before breaking for the year. >>> secretary of state hillary y clinton has agreed to testify before the senate foreign relations committee about the benghazi attacks. september 11th all the on the u.s. consulate in libya left ambassador chris stephens and three others dead. clinton will testify before the 130th congress sometime in january. she's also agreed to testify before the house foreign affairs committee. i'm li elizabeth pren in new yo. for all the headlines, log onto foxnews.com. >>> a warning that some of our nation's biggest companies may be hoodwinking you, the taxpayers. major companies like gm taking advantage of all kinds of incentives and tax breaks from local and state governments, but are the communities, meaning you, the big losers.
Dec 5, 2012 9:00am EST
in infrastructure, which we desperately need after hurricane -- or we call it super storm sandy that hit new york, that hit new jersey, that hit connecticut, that hit delaware, that hit maryland. we now see that our infrastructure has to be what we call hardened, made stronger. we can do that if we invest in our people. so, madam president, the president has offered a very clear plan that takes us off the fiscal cliff that is fair. we have 27 days to do the right thing. the senate already passed the tax cuts for 98% of the people. all we're asking is for the house to do that, match us. then we can get back to the table and figure out a way to soften the blow of the automatic spending cuts. we could look at tax reform. and i want to just say this about tack reform. when our colleagues complain about tax rates and say well, we would rather close loopholes, watch out. in order to raise the kind of funds we need to raise to lower this deficit, you're looking at the two biggest --quote, unquote -- deductions. one is for your mortgage and one is for charitable, and i would ask rhetorically what billion